RE: Reese just issued a PR re their acqisitionExactly riddlethis!
They still get the 250 tpd and production until lrg earns in their 65% by spending the $$$'s to inprove it AND pay for the property! (with some bonus shares and cash each year!)
Also, if the increase of the mines TPD goes to about 835 then Tara's 35% would still be 250+ TPD and at 30% its 250 TPD !!! EVEN AFTER THE EARN IN HAS BEEN FULFILLED BY LRG!!!
ULTIMATE O.P.M. !!!
And with the extra 5% clause its gives LRG a large incentive to get the production up quickly...'18 month option' clock.
"the price for the 5 per cent will be determined based on a sliding scale of daily production averaged over three months."
Great Deal Rich!
Las Minitas??? ;o)
Palladn